Quarterly Report
Toyota Auto Loan Extended Note Trust 2020-1
Toyota Revolving Note Depositor LLC
SELLER
Toyota Motor Credit Corporation
SERVICER
Toyota Auto Loan Extended Note Trust 2020-1
Initial Receivables Static Pool Information
Quarter Ended August 31, 2024
Cutoff Date of April 2020
Original Pool Characteristics as of the Cutoff Dates (Based on Principal Balance)
Number of Receivables |
95,695 | % New vehicles | 76.67% | |||||||||
Total Principal Balance |
$1,960,084,279.31 | % Used vehicles | 23.33% | |||||||||
Average Principal Balance |
$20,482.62 | % Cars and minivans | 34.19% | |||||||||
Average Original Amount Financed |
$29,226.88 | % Light duty trucks | 18.61% | |||||||||
Weighted Average APR |
4.07% | % Sport utility vehicles | 47.20% | |||||||||
Weighted Average APR of Receivables |
% Toyota vehicles | 88.45% | ||||||||||
with more than 75 Original Payments |
6.31% |
% Lexus vehicles |
11.55% | |||||||||
Weighted Average Original Number |
Top 3 States: | CA | 18.38% | |||||||||
of Scheduled Payments |
68.97 payments |
|
TX | 15.97% | ||||||||
Weighted Average Remaining Number |
MD | 5.69% | ||||||||||
of Scheduled Payments |
54.06 payments | |||||||||||
Weighted Average FICO |
761.08 | |||||||||||
Weighted Average FICO of Receivables |
||||||||||||
with more than 75 Original Payments |
738.10 | |||||||||||
Weighted Average LTV |
99.03% | |||||||||||
Weighted Average LTV of Receivables |
||||||||||||
with more than 75 Original Payments |
110.80% |
Original Pool Characteristics as of the Cutoff Dates (Based on Adjusted Pool Balance)
FICO Score Range Distribution (%) |
Original Scheduled Payments Distribution (%) |
LTV Distribution (%) |
||||||||||||||||
FICO Less than 650 |
3.60% | More than 75 original scheduled payments | 8.15% | LTV greater than 130% | 5.16% | |||||||||||||
FICO Less than 700 |
19.31% | More than 72 original scheduled payments | 31.46% | LTV greater than 120% | 12.23% | |||||||||||||
FICO Less than 720 |
29.40% | LTV greater than 110% | 29.09% | |||||||||||||||
FICO Less than 740 |
41.54% | LTV greater than 90% | 71.28% | |||||||||||||||
FICO Less than 760 |
51.80% | |||||||||||||||||
FICO Less than 780 |
60.82% |
Balances and Performance (Based on Principal Balance)
Period No. |
Month |
Month-End Pool Balance ($) |
Cumulative Net Credit Loss (%) |
60+ Days Delinquency (%) |
||||||||||||||||||||||||
40 |
Sep-23 | 233,324,231.71 | 0.200861% | 0.472383% | ||||||||||||||||||||||||
41 |
Oct-23 | 216,182,038.59 | 0.198351% | 0.469945% | ||||||||||||||||||||||||
42 |
Nov-23 | 200,020,742.06 | 0.193778% | 0.525871% | ||||||||||||||||||||||||
43 |
Dec-23 | 184,866,152.08 | 0.194838% | 0.650898% | ||||||||||||||||||||||||
44 |
Jan-24 | 169,571,535.39 | 0.197181% | 0.716098% | ||||||||||||||||||||||||
45 |
Feb-24 | 155,367,612.00 | 0.201216% | 0.526693% | ||||||||||||||||||||||||
46 |
Mar-24 | 141,401,417.83 | 0.199192% | 0.472426% | ||||||||||||||||||||||||
47 |
Apr-24 | 128,043,142.74 | 0.192631% | 0.515755% | ||||||||||||||||||||||||
48 |
May-24 | 115,929,385.71 | 0.188357% | 0.605091% | ||||||||||||||||||||||||
49 |
Jun-24 | 105,182,154.73 | 0.189875% | 0.739576% | ||||||||||||||||||||||||
50 |
Jul-24 | 94,176,783.67 | 0.188972% | 0.685119% | ||||||||||||||||||||||||
51 |
Aug-24 | 84,082,419.52 | 0.186676% | 0.903774% |
Page 1 of 18
Quarterly Report
Toyota Auto Loan Extended Note Trust 2020-1
Toyota Revolving Note Depositor LLC
SELLER
Toyota Motor Credit Corporation
SERVICER
Toyota Auto Loan Extended Note Trust 2020-1
Additional Receivables Static Pool Information
Quarter Ended August 31, 2024
Cutoff Date of June 2020, July 2020
Original Pool Characteristics as of the Cutoff Dates (Based on Principal Balance)
Number of Receivables |
9,361 | % New vehicles | 76.29% | |||||||||
Total Principal Balance |
$198,855,871.73 | % Used vehicles | 23.71% | |||||||||
Average Principal Balance |
$21,243.02 | % Cars and minivans | 32.43% | |||||||||
Average Original Amount Financed |
$30,730.87 | % Light duty trucks | 21.50% | |||||||||
Weighted Average APR |
4.70% | % Sport utility vehicles | 46.07% | |||||||||
Weighted Average APR of Receivables |
% Toyota vehicles | 89.90% | ||||||||||
with more than 75 Original Payments |
6.37% |
% Lexus vehicles |
10.10% | |||||||||
Weighted Average Original Number |
Top 3 States: | CA | 16.33% | |||||||||
of Scheduled Payments |
72.99 Payments |
TX |
13.88% | |||||||||
Weighted Average Remaining Number |
OH | 8.10% | ||||||||||
of Scheduled Payments |
55.88 Payments | |||||||||||
Weighted Average FICO |
754.81 | |||||||||||
Weighted Average FICO of Receivables |
||||||||||||
with more than 75 Original Payments |
739.46 | |||||||||||
Weighted Average LTV |
102.22% | |||||||||||
Weighted Average LTV of Receivables |
||||||||||||
with more than 75 Original Payments |
110.64% |
Original Pool Characteristics as of the Cutoff Dates (Based on Adjusted Pool Balance)
FICO Score Range Distribution (%) |
Original Scheduled Payments Distribution (%) |
LTV Distribution (%) |
||||||||||||||||
FICO Less than 650 |
3.19% | More than 75 original scheduled payments | 26.58% | LTV greater than 130% | 7.61% | |||||||||||||
FICO Less than 700 |
21.24% | More than 72 original scheduled payments | 51.80% | LTV greater than 120% | 15.91% | |||||||||||||
FICO Less than 720 |
32.87% | LTV greater than 110% | 35.28% | |||||||||||||||
FICO Less than 740 |
45.81% | LTV greater than 90% | 76.50% | |||||||||||||||
FICO Less than 760 |
55.96% | |||||||||||||||||
FICO Less than 780 |
65.73% |
Balances and Performance (Based on Principal Balance)
Period No. |
Month |
Month-End Pool Balance ($) |
Cumulative Net Credit Loss (%) |
60+ Days Delinquency (%) |
||||||||||||||||||||||||
38 |
Sep-23 | 29,149,427.09 | 0.253502% | 0.571725% | ||||||||||||||||||||||||
39 |
Oct-23 | 27,137,960.98 | 0.268965% | 0.445600% | ||||||||||||||||||||||||
40 |
Nov-23 | 25,377,211.64 | 0.271794% | 0.401084% | ||||||||||||||||||||||||
41 |
Dec-23 | 23,724,571.15 | 0.254580% | 0.852052% | ||||||||||||||||||||||||
42 |
Jan-24 | 22,070,987.72 | 0.244687% | 0.795907% | ||||||||||||||||||||||||
43 |
Feb-24 | 20,464,484.65 | 0.244032% | 0.857814% | ||||||||||||||||||||||||
44 |
Mar-24 | 18,805,070.83 | 0.244165% | 0.673499% | ||||||||||||||||||||||||
45 |
Apr-24 | 17,287,214.76 | 0.259763% | 0.663427% | ||||||||||||||||||||||||
46 |
May-24 | 15,965,309.56 | 0.252568% | 0.895567% | ||||||||||||||||||||||||
47 |
Jun-24 | 14,684,893.24 | 0.258268% | 0.760273% | ||||||||||||||||||||||||
48 |
Jul-24 | 13,470,280.91 | 0.239436% | 0.723989% | ||||||||||||||||||||||||
49 |
Aug-24 | 12,350,670.31 | 0.239584% | 0.537074% |
Page 2 of 18
Quarterly Report
Toyota Auto Loan Extended Note Trust 2020-1
Toyota Revolving Note Depositor LLC
SELLER
Toyota Motor Credit Corporation
SERVICER
Toyota Auto Loan Extended Note Trust 2020-1
Additional Receivables Static Pool Information
Quarter Ended August 31, 2024
Cutoff Date of August 2020, September 2020, October 2020
Original Pool Characteristics as of the Cutoff Dates (Based on Principal Balance)
Number of Receivables |
11,060 | % New vehicles | 74.27% | |||||||||
Total Principal Balance |
$220,821,456.81 | % Used vehicles | 25.73% | |||||||||
Average Principal Balance |
$19,965.77 | % Cars and minivans | 33.54% | |||||||||
Average Original Amount Financed |
$29,533.57 | % Light duty trucks | 19.76% | |||||||||
Weighted Average APR |
4.23% | % Sport utility vehicles | 46.71% | |||||||||
Weighted Average APR of Receivables |
% Toyota vehicles | 89.10% | ||||||||||
with more than 75 Original Payments |
6.52% |
% Lexus vehicles |
10.90% | |||||||||
Weighted Average Original Number |
Top 3 States: | OH | 15.62% | |||||||||
of Scheduled Payments |
70.35 Payments |
CA |
15.04% | |||||||||
Weighted Average Remaining Number |
TX | 14.81% | ||||||||||
of Scheduled Payments |
53.72 Payments | |||||||||||
Weighted Average FICO |
756.41 | |||||||||||
Weighted Average FICO of Receivables |
||||||||||||
with more than 75 Original Payments |
733.63 | |||||||||||
Weighted Average LTV |
100.82% | |||||||||||
Weighted Average LTV of Receivables |
||||||||||||
with more than 75 Original Payments |
111.94% |
Original Pool Characteristics as of the Cutoff Dates (Based on Adjusted Pool Balance)
FICO Score Range Distribution (%) |
Original Scheduled Payments Distribution (%) |
LTV Distribution (%) |
||||||||||||||||
FICO Less than 650 |
4.14% | More than 75 original scheduled payments | 10.38% | LTV greater than 130% | 5.82% | |||||||||||||
FICO Less than 700 |
21.96% | More than 72 original scheduled payments | 40.96% | LTV greater than 120% | 13.97% | |||||||||||||
FICO Less than 720 |
32.15% | LTV greater than 110% | 32.61% | |||||||||||||||
FICO Less than 740 |
44.15% | LTV greater than 90% | 74.30% | |||||||||||||||
FICO Less than 760 |
55.07% | |||||||||||||||||
FICO Less than 780 |
63.84% |
Balances and Performance (Based on Principal Balance)
Period No. |
Month |
Month-End Pool Balance ($) |
Cumulative Net Credit Loss (%) |
60+ Days Delinquency (%) |
||||||||||||||||||||||||
35 |
Sep-23 | 36,934,667.45 | 0.244219% | 0.535367% | ||||||||||||||||||||||||
36 |
Oct-23 | 34,528,320.63 | 0.230434% | 0.876667% | ||||||||||||||||||||||||
37 |
Nov-23 | 32,284,687.23 | 0.243353% | 1.057823% | ||||||||||||||||||||||||
38 |
Dec-23 | 30,289,973.97 | 0.252260% | 1.108642% | ||||||||||||||||||||||||
39 |
Jan-24 | 28,141,497.27 | 0.287661% | 0.799045% | ||||||||||||||||||||||||
40 |
Feb-24 | 26,083,496.19 | 0.285951% | 0.636690% | ||||||||||||||||||||||||
41 |
Mar-24 | 24,175,973.42 | 0.290187% | 0.901870% | ||||||||||||||||||||||||
42 |
Apr-24 | 22,227,893.48 | 0.292624% | 1.025549% | ||||||||||||||||||||||||
43 |
May-24 | 20,423,367.65 | 0.293904% | 0.881670% | ||||||||||||||||||||||||
44 |
Jun-24 | 18,801,024.27 | 0.294008% | 0.896908% | ||||||||||||||||||||||||
45 |
Jul-24 | 17,260,824.32 | 0.280193% | 0.705797% | ||||||||||||||||||||||||
46 |
Aug-24 | 15,818,210.37 | 0.275418% | 0.974262% |
Page 3 of 18
Quarterly Report
Toyota Auto Loan Extended Note Trust 2020-1
Toyota Revolving Note Depositor LLC
SELLER
Toyota Motor Credit Corporation
SERVICER
Toyota Auto Loan Extended Note Trust 2020-1
Additional Receivables Static Pool Information
Quarter Ended August 31, 2024
Cutoff Date of November 2020, December 2020, January 2021
Original Pool Characteristics as of the Cutoff Dates (Based on Principal Balance)
Number of Receivables |
10,068 | % New vehicles | 69.15% | |||||||||
Total Principal Balance |
$224,561,105.08 | % Used vehicles | 30.85% | |||||||||
Average Principal Balance |
$22,304.44 | % Cars and minivans | 33.76% | |||||||||
Average Original Amount Financed |
$29,926.87 | % Light duty trucks | 18.42% | |||||||||
Weighted Average APR |
4.21% | % Sport utility vehicles | 47.81% | |||||||||
Weighted Average APR of Receivables |
% Toyota vehicles | 88.00% | ||||||||||
with more than 75 Original Payments |
6.32% |
% Lexus vehicles |
12.00% | |||||||||
Weighted Average Original Number |
Top 3 States: | TX | 14.92% | |||||||||
of Scheduled Payments |
70.09 Payments |
CA |
13.82% | |||||||||
Weighted Average Remaining Number |
MD | 11.12% | ||||||||||
of Scheduled Payments |
57.31 Payments | |||||||||||
Weighted Average FICO |
752.50 | |||||||||||
Weighted Average FICO of Receivables |
||||||||||||
with more than 75 Original Payments |
734.96 | |||||||||||
Weighted Average LTV |
101.92% | |||||||||||
Weighted Average LTV of Receivables |
||||||||||||
with more than 75 Original Payments |
110.14% |
Original Pool Characteristics as of the Cutoff Dates (Based on Adjusted Pool Balance)
FICO Score Range Distribution (%) |
Original Scheduled Payments Distribution (%) |
LTV Distribution (%) |
||||||||||||||
FICO Less than 650 |
4.73 | % | More than 75 original scheduled payments | 5.27 | % | LTV greater than 130% | 6.14 | % | ||||||||
FICO Less than 700 |
23.90 | % | More than 72 original scheduled payments | 38.22 | % | LTV greater than 120% | 14.77 | % | ||||||||
FICO Less than 720 |
34.77 | % | LTV greater than 110% | 33.42 | % | |||||||||||
FICO Less than 740 |
47.35 | % | LTV greater than 90% | 76.63 | % | |||||||||||
FICO Less than 760 |
57.34 | % | ||||||||||||||
FICO Less than 780 |
65.92 | % |
Balances and Performance (Based on Principal Balance)
Period No. |
Month |
Month-End Pool Balance ($) |
Cumulative Net Credit Loss (%) |
60+ Days Delinquency (%) |
||||||||||||||||||||||||
32 |
Sep-23 | 54,613,671.69 | 0.435627 | % | 0.833735 | % | ||||||||||||||||||||||
33 |
Oct-23 | 51,834,353.06 | 0.423052 | % | 0.947652 | % | ||||||||||||||||||||||
34 |
Nov-23 | 48,993,647.67 | 0.431429 | % | 1.016111 | % | ||||||||||||||||||||||
35 |
Dec-23 | 46,420,004.54 | 0.470154 | % | 1.206815 | % | ||||||||||||||||||||||
36 |
Jan-24 | 43,586,053.73 | 0.503320 | % | 1.085089 | % | ||||||||||||||||||||||
37 |
Feb-24 | 41,111,125.65 | 0.500740 | % | 0.414694 | % | ||||||||||||||||||||||
38 |
Mar-24 | 38,490,614.19 | 0.516384 | % | 0.398311 | % | ||||||||||||||||||||||
39 |
Apr-24 | 36,022,061.03 | 0.515260 | % | 0.532788 | % | ||||||||||||||||||||||
40 |
May-24 | 33,678,269.38 | 0.507435 | % | 0.875097 | % | ||||||||||||||||||||||
41 |
Jun-24 | 31,561,173.77 | 0.515755 | % | 0.903486 | % | ||||||||||||||||||||||
42 |
Jul-24 | 29,362,196.04 | 0.498572 | % | 1.110387 | % | ||||||||||||||||||||||
43 |
Aug-24 | 27,227,536.56 | 0.497243 | % | 1.379840 | % |
Page 4 of 18
Quarterly Report
Toyota Auto Loan Extended Note Trust 2020-1
Toyota Revolving Note Depositor LLC
SELLER
Toyota Motor Credit Corporation
SERVICER
Toyota Auto Loan Extended Note Trust 2020-1
Additional Receivables Static Pool Information
Quarter Ended August 31, 2024
Cutoff Date of February 2021, April 2021
Original Pool Characteristics as of the Cutoff Dates (Based on Principal Balance)
Number of Receivables |
24,206 | % New vehicles | 79.89% | |||||||||
Total Principal Balance |
$569,846,869.23 | % Used vehicles | 20.11% | |||||||||
Average Principal Balance |
$23,541.55 | % Cars and minivans | 32.14% | |||||||||
Average Original Amount Financed |
$31,320.50 | % Light duty trucks | 18.95% | |||||||||
Weighted Average APR |
3.75% | % Sport utility vehicles | 48.90% | |||||||||
Weighted Average APR of Receivables |
% Toyota vehicles | 86.95% | ||||||||||
with more than 75 Original Payments |
6.33% |
% Lexus vehicles |
13.05% | |||||||||
Weighted Average Original Number |
Top 3 States: | CA | 22.13% | |||||||||
of Scheduled Payments |
69.09 Payments |
TX |
16.04% | |||||||||
Weighted Average Remaining Number |
VA | 4.05% | ||||||||||
of Scheduled Payments |
56.88 Payments | |||||||||||
Weighted Average FICO |
754.62 | |||||||||||
Weighted Average FICO of Receivables |
||||||||||||
with more than 75 Original Payments |
729.60 | |||||||||||
Weighted Average LTV |
100.30% | |||||||||||
Weighted Average LTV of Receivables |
||||||||||||
with more than 75 Original Payments |
110.82% |
Original Pool Characteristics as of the Cutoff Dates (Based on Adjusted Pool Balance)
FICO Score Range Distribution (%) |
Original Scheduled Payments Distribution (%) |
LTV Distribution (%) |
||||||||||||||
FICO Less than 650 |
4.88 | % | More than 75 original scheduled payments | 9.76 | % | LTV greater than 130% | 5.82 | % | ||||||||
FICO Less than 700 |
22.48 | % | More than 72 original scheduled payments | 26.35 | % | LTV greater than 120% | 13.58 | % | ||||||||
FICO Less than 720 |
33.38 | % | LTV greater than 110% | 31.46 | % | |||||||||||
FICO Less than 740 |
45.66 | % | LTV greater than 90% | 73.56 | % | |||||||||||
FICO Less than 760 |
55.71 | % | ||||||||||||||
FICO Less than 780 |
64.61 | % |
Balances and Performance (Based on Principal Balance)
Period No. |
Month |
Month-End Pool Balance ($) |
Cumulative Net Credit Loss (%) |
60+ Days Delinquency (%) |
||||||||||||||||||||||||
29 |
Sep-23 | 163,275,173.41 | 0.336628 | % | 0.641955 | % | ||||||||||||||||||||||
30 |
Oct-23 | 154,985,762.93 | 0.333728 | % | 0.441388 | % | ||||||||||||||||||||||
31 |
Nov-23 | 147,413,640.78 | 0.342110 | % | 0.568770 | % | ||||||||||||||||||||||
32 |
Dec-23 | 139,965,896.03 | 0.346362 | % | 0.843332 | % | ||||||||||||||||||||||
33 |
Jan-24 | 132,182,015.96 | 0.355014 | % | 0.758247 | % | ||||||||||||||||||||||
34 |
Feb-24 | 124,956,493.70 | 0.373499 | % | 0.787455 | % | ||||||||||||||||||||||
35 |
Mar-24 | 117,638,035.89 | 0.352553 | % | 0.721064 | % | ||||||||||||||||||||||
36 |
Apr-24 | 110,445,783.46 | 0.352306 | % | 0.671792 | % | ||||||||||||||||||||||
37 |
May-24 | 103,570,802.61 | 0.369302 | % | 0.630837 | % | ||||||||||||||||||||||
38 |
Jun-24 | 97,675,829.52 | 0.374588 | % | 0.850428 | % | ||||||||||||||||||||||
39 |
Jul-24 | 91,387,101.71 | 0.374115 | % | 0.666854 | % | ||||||||||||||||||||||
40 |
Aug-24 | 85,215,546.47 | 0.362073 | % | 0.796674 | % |
Page 5 of 18
Quarterly Report
Toyota Auto Loan Extended Note Trust 2020-1
Toyota Revolving Note Depositor LLC
SELLER
Toyota Motor Credit Corporation
SERVICER
Toyota Auto Loan Extended Note Trust 2020-1
Additional Receivables Static Pool Information
Quarter Ended August 31, 2024
Cutoff Date of August 2021
Original Pool Characteristics as of the Cutoff Dates (Based on Principal Balance)
Number of Receivables |
9,576 | % New vehicles | 77.14% | |||||||||
Total Principal Balance |
$265,797,705.65 | % Used vehicles | 22.86% | |||||||||
Average Principal Balance |
$27,756.65 | % Cars and minivans | 38.38% | |||||||||
Average Original Amount Financed |
$33,280.61 | % Light duty trucks | 17.35% | |||||||||
Weighted Average APR |
4.64% | % Sport utility vehicles | 44.27% | |||||||||
Weighted Average APR of Receivables |
% Toyota vehicles | 90.10% | ||||||||||
with more than 75 Original Payments |
6.20% |
% Lexus vehicles |
9.90% | |||||||||
Weighted Average Original Number |
Top 3 States: | CA | 24.77% | |||||||||
of Scheduled Payments |
72.35 Payments |
|
TX | 17.43% | ||||||||
Weighted Average Remaining Number |
VA | 4.50% | ||||||||||
of Scheduled Payments |
63.27 Payments | |||||||||||
Weighted Average FICO |
711.09 | |||||||||||
Weighted Average FICO of Receivables |
||||||||||||
with more than 75 Original Payments |
732.11 | |||||||||||
Weighted Average LTV |
104.59% | |||||||||||
Weighted Average LTV of Receivables |
||||||||||||
with more than 75 Original Payments |
110.59% |
Original Pool Characteristics as of the Cutoff Dates (Based on Adjusted Pool Balance)
FICO Score Range Distribution (%) |
Original Scheduled Payments Distribution (%) |
LTV Distribution (%) |
||||||||||||||||
FICO Less than 650 |
10.18% | More than 75 original scheduled payments | 10.18% | LTV greater than 130% | 7.55% | |||||||||||||
FICO Less than 700 |
46.78% | More than 72 original scheduled payments | 26.47% | LTV greater than 120% | 18.10% | |||||||||||||
FICO Less than 720 |
68.78% | LTV greater than 110% | 39.12% | |||||||||||||||
FICO Less than 740 |
77.07% | LTV greater than 90% | 80.39% | |||||||||||||||
FICO Less than 760 |
82.98% | |||||||||||||||||
FICO Less than 780 |
87.64% |
Balances and Performance (Based on Principal Balance)
Period No. |
Month |
Month-End Pool Balance ($) |
Cumulative Net Credit Loss (%) |
60+ Days Delinquency (%) |
||||||||||||||||||||||||
23 |
Sep-23 | 110,959,805.48 | 0.777311% | 0.604477% | ||||||||||||||||||||||||
24 |
Oct-23 | 106,712,469.02 | 0.771906% | 0.772493% | ||||||||||||||||||||||||
25 |
Nov-23 | 102,878,126.09 | 0.755051% | 0.987457% | ||||||||||||||||||||||||
26 |
Dec-23 | 99,033,895.59 | 0.768685% | 0.989007% | ||||||||||||||||||||||||
27 |
Jan-24 | 95,233,545.33 | 0.807735% | 1.242209% | ||||||||||||||||||||||||
28 |
Feb-24 | 91,349,954.13 | 0.811169% | 0.967759% | ||||||||||||||||||||||||
29 |
Mar-24 | 87,363,046.99 | 0.848275% | 0.704625% | ||||||||||||||||||||||||
30 |
Apr-24 | 83,556,252.92 | 0.830234% | 0.968972% | ||||||||||||||||||||||||
31 |
May-24 | 79,928,229.11 | 0.804429% | 1.190595% | ||||||||||||||||||||||||
32 |
Jun-24 | 76,554,698.71 | 0.837313% | 1.037320% | ||||||||||||||||||||||||
33 |
Jul-24 | 72,789,923.85 | 0.844564% | 1.396226% | ||||||||||||||||||||||||
34 |
Aug-24 | 69,133,937.93 | 0.858388% | 1.595125% |
Page 6 of 18
Quarterly Report
Toyota Auto Loan Extended Note Trust 2020-1
Toyota Revolving Note Depositor LLC
SELLER
Toyota Motor Credit Corporation
SERVICER
Toyota Auto Loan Extended Note Trust 2020-1
Additional Receivables Static Pool Information
Quarter Ended August 31, 2024
Cutoff Date of November 2021
Original Pool Characteristics as of the Cutoff Dates (Based on Principal Balance)
Number of Receivables |
9,527 | % New vehicles | 98.20% | |||||||||
Total Principal Balance |
$252,640,343.08 | % Used vehicles | 1.80% | |||||||||
Average Principal Balance |
$26,518.35 | % Cars and minivans | 36.52% | |||||||||
Average Original Amount Financed |
$34,395.44 | % Light duty trucks | 17.26% | |||||||||
Weighted Average APR |
3.80% | % Sport utility vehicles | 46.21% | |||||||||
Weighted Average APR of Receivables |
% Toyota vehicles | 87.88% | ||||||||||
with more than 75 Original Payments |
6.01% |
% Lexus vehicles |
12.12% | |||||||||
Weighted Average Original Number |
Top 3 States: | CA | 23.22% | |||||||||
of Scheduled Payments |
70.06 Payments |
TX |
18.83% | |||||||||
Weighted Average Remaining Number |
MD | 5.20% | ||||||||||
of Scheduled Payments |
58.61 Payments | |||||||||||
Weighted Average FICO |
748.84 | |||||||||||
Weighted Average FICO of Receivables |
||||||||||||
with more than 75 Original Payments |
731.74 | |||||||||||
Weighted Average LTV |
100.44% | |||||||||||
Weighted Average LTV of Receivables |
||||||||||||
with more than 75 Original Payments |
110.80% |
Original Pool Characteristics as of the Cutoff Dates (Based on Adjusted Pool Balance)
FICO Score Range Distribution (%) |
Original Scheduled Payments Distribution (%) |
LTV Distribution (%) |
||||||||||||||||
FICO Less than 650 |
6.05% | More than 75 original scheduled payments | 9.96% | LTV greater than 130% | 5.80% | |||||||||||||
FICO Less than 700 |
25.96% | More than 72 original scheduled payments | 31.11% | LTV greater than 120% | 13.35% | |||||||||||||
FICO Less than 720 |
37.38% | LTV greater than 110% | 32.19% | |||||||||||||||
FICO Less than 740 |
48.94% | LTV greater than 90% | 73.90% | |||||||||||||||
FICO Less than 760 |
58.79% | |||||||||||||||||
FICO Less than 780 |
67.64% |
Balances and Performance (Based on Principal Balance)
Period No. |
Month |
Month-End Pool Balance ($) |
Cumulative Net Credit Loss (%) |
60+ Days Delinquency (%) |
||||||||||||||||||||||||
20 |
Sep-23 | 113,403,350.85 | 0.425250% | 0.620662% | ||||||||||||||||||||||||
21 |
Oct-23 | 108,816,633.40 | 0.453794% | 0.631170% | ||||||||||||||||||||||||
22 |
Nov-23 | 104,609,554.97 | 0.457491% | 0.527703% | ||||||||||||||||||||||||
23 |
Dec-23 | 100,536,982.08 | 0.448376% | 0.710195% | ||||||||||||||||||||||||
24 |
Jan-24 | 96,132,562.33 | 0.473859% | 0.564556% | ||||||||||||||||||||||||
25 |
Feb-24 | 92,215,926.75 | 0.487100% | 0.708290% | ||||||||||||||||||||||||
26 |
Mar-24 | 88,039,325.93 | 0.478515% | 0.584866% | ||||||||||||||||||||||||
27 |
Apr-24 | 83,882,175.38 | 0.492316% | 0.492215% | ||||||||||||||||||||||||
28 |
May-24 | 79,899,510.86 | 0.499243% | 0.444203% | ||||||||||||||||||||||||
29 |
Jun-24 | 76,152,603.99 | 0.473642% | 0.673246% | ||||||||||||||||||||||||
30 |
Jul-24 | 72,407,751.84 | 0.513473% | 0.658912% | ||||||||||||||||||||||||
31 |
Aug-24 | 68,650,706.70 | 0.488252% | 0.888674% |
Page 7 of 18
Quarterly Report
Toyota Auto Loan Extended Note Trust 2020-1
Toyota Revolving Note Depositor LLC
SELLER
Toyota Motor Credit Corporation
SERVICER
Toyota Auto Loan Extended Note Trust 2020-1
Additional Receivables Static Pool Information
Quarter Ended August 31, 2024
Cutoff Date of February 2022
Original Pool Characteristics as of the Cutoff Dates (Based on Principal Balance)
Number of Receivables |
9,450 | % New vehicles | 100.00% | |||||||||
Total Principal Balance |
$262,090,725.05 | % Cars and minivans | 34.87% | |||||||||
Average Principal Balance |
$27,734.47 | % Light duty trucks | 15.95% | |||||||||
Average Original Amount Financed |
$35,708.13 | % Sport utility vehicles | 49.18% | |||||||||
Weighted Average APR |
3.70% | % Toyota vehicles | 86.43% | |||||||||
Weighted Average APR of Receivables |
% Lexus vehicles | 13.57% | ||||||||||
with more than 75 Original Payments |
5.99% |
Top 3 States: |
CA | 24.01% | ||||||||
Weighted Average Original Number |
TX | 17.93% | ||||||||||
of Scheduled Payments |
70.34 Payments |
VA |
4.42% | |||||||||
Weighted Average Remaining Number |
||||||||||||
of Scheduled Payments |
59.00 Payments | |||||||||||
Weighted Average FICO |
752.60 | |||||||||||
Weighted Average FICO of Receivables |
||||||||||||
with more than 75 Original Payments |
736.30 | |||||||||||
Weighted Average LTV |
101.34% | |||||||||||
Weighted Average LTV of Receivables |
||||||||||||
with more than 75 Original Payments |
112.61% |
Original Pool Characteristics as of the Cutoff Dates (Based on Adjusted Pool Balance)
FICO Score Range Distribution (%) |
Original Scheduled Payments Distribution (%) |
LTV Distribution (%) |
||||||||||||||||
FICO Less than 650 |
4.54% | More than 75 original scheduled payments | 9.64% | LTV greater than 130% | 6.47% | |||||||||||||
FICO Less than 700 |
23.63% | More than 72 original scheduled payments | 28.51% | LTV greater than 120% | 15.27% | |||||||||||||
FICO Less than 720 |
34.69% | LTV greater than 110% | 35.43% | |||||||||||||||
FICO Less than 740 |
46.74% | LTV greater than 90% | 74.80% | |||||||||||||||
FICO Less than 760 |
56.89% | |||||||||||||||||
FICO Less than 780 |
65.74% |
Balances and Performance (Based on Principal Balance)
Period No. |
Month |
Month-End Pool Balance ($) |
Cumulative Net Credit Loss (%) |
60+ Days Delinquency (%) |
||||||||||||||||||||||||
17 |
Sep-23 | 134,459,078.88 | 0.217468% | 0.648514% | ||||||||||||||||||||||||
18 |
Oct-23 | 129,175,288.57 | 0.242997% | 0.726764% | ||||||||||||||||||||||||
19 |
Nov-23 | 124,402,060.10 | 0.286927% | 0.701673% | ||||||||||||||||||||||||
20 |
Dec-23 | 119,906,058.18 | 0.305076% | 0.572162% | ||||||||||||||||||||||||
21 |
Jan-24 | 115,307,721.79 | 0.285442% | 0.711637% | ||||||||||||||||||||||||
22 |
Feb-24 | 110,643,751.34 | 0.284929% | 0.612813% | ||||||||||||||||||||||||
23 |
Mar-24 | 106,015,147.54 | 0.283494% | 0.496015% | ||||||||||||||||||||||||
24 |
Apr-24 | 101,268,500.98 | 0.302948% | 0.666106% | ||||||||||||||||||||||||
25 |
May-24 | 96,563,129.01 | 0.331856% | 0.549622% | ||||||||||||||||||||||||
26 |
Jun-24 | 92,549,624.97 | 0.337147% | 0.498445% | ||||||||||||||||||||||||
27 |
Jul-24 | 88,430,786.33 | 0.358026% | 0.674901% | ||||||||||||||||||||||||
28 |
Aug-24 | 84,298,970.34 | 0.335191% | 0.555466% |
Page 8 of 18
Quarterly Report
Toyota Auto Loan Extended Note Trust 2020-1
Toyota Revolving Note Depositor LLC
SELLER
Toyota Motor Credit Corporation
SERVICER
Toyota Auto Loan Extended Note Trust 2020-1
Additional Receivables Static Pool Information
Quarter Ended August 31, 2024
Cutoff Date of May 2022
Original Pool Characteristics as of the Cutoff Dates (Based on Principal Balance)
Number of Receivables |
8,784 | % New vehicles | 74.45% | |||||||||
Total Principal Balance |
$273,615,848.79 | % Used vehicles | 25.55% | |||||||||
Average Principal Balance |
$31,149.35 | % Cars and minivans | 34.87% | |||||||||
Average Original Amount Financed |
$36,258.53 | % Light duty trucks | 16.18% | |||||||||
Weighted Average APR |
4.53% | % Sport utility vehicles | 48.95% | |||||||||
Weighted Average APR of Receivables |
% Toyota vehicles | 85.71% | ||||||||||
with more than 75 Original Payments |
6.13% |
% Lexus vehicles |
14.29% | |||||||||
Weighted Average Original Number |
Top 3 States: | CA | 22.94% | |||||||||
of Scheduled Payments |
73.39 Payments |
|
TX | 19.67% | ||||||||
Weighted Average Remaining Number |
VA | 4.21% | ||||||||||
of Scheduled Payments |
64.93 Payments | |||||||||||
Weighted Average FICO |
730.61 | |||||||||||
Weighted Average FICO of Receivables |
||||||||||||
with more than 75 Original Payments |
730.23 | |||||||||||
Weighted Average LTV |
104.63% | |||||||||||
Weighted Average LTV of Receivables |
||||||||||||
with more than 75 Original Payments |
111.08% |
Original Pool Characteristics as of the Cutoff Dates (Based on Adjusted Pool Balance)
FICO Score Range Distribution (%) |
Original Scheduled Payments Distribution (%) |
LTV Distribution (%) |
||||||||||||||||
FICO Less than 650 |
6.21% | More than 75 original scheduled payments | 9.97% | LTV greater than 130% | 7.83% | |||||||||||||
FICO Less than 700 |
30.47% | More than 72 original scheduled payments | 36.30% | LTV greater than 120% | 18.99% | |||||||||||||
FICO Less than 720 |
51.81% | LTV greater than 110% | 42.13% | |||||||||||||||
FICO Less than 740 |
63.42% | LTV greater than 90% | 79.85% | |||||||||||||||
FICO Less than 760 |
72.16% | |||||||||||||||||
FICO Less than 780 |
79.55% |
Balances and Performance (Based on Principal Balance)
Period No. |
Month |
Month-End Pool Balance ($) |
Cumulative Net Credit Loss (%) |
60+ Days Delinquency (%) |
||||||||||||||||||||||||
14 |
Sep-23 | 168,946,057.68 | 0.595746% | 0.763513% | ||||||||||||||||||||||||
15 |
Oct-23 | 163,608,314.07 | 0.574935% | 0.833725% | ||||||||||||||||||||||||
16 |
Nov-23 | 158,460,997.29 | 0.691734% | 0.732766% | ||||||||||||||||||||||||
17 |
Dec-23 | 153,725,823.33 | 0.726462% | 0.902614% | ||||||||||||||||||||||||
18 |
Jan-24 | 148,522,287.45 | 0.819525% | 0.852802% | ||||||||||||||||||||||||
19 |
Feb-24 | 143,573,992.33 | 0.836146% | 0.726386% | ||||||||||||||||||||||||
20 |
Mar-24 | 138,441,240.20 | 0.862371% | 0.761881% | ||||||||||||||||||||||||
21 |
Apr-24 | 133,264,625.20 | 0.929378% | 0.595597% | ||||||||||||||||||||||||
22 |
May-24 | 128,620,717.72 | 0.930851% | 0.710399% | ||||||||||||||||||||||||
23 |
Jun-24 | 124,072,216.57 | 0.885764% | 0.894092% | ||||||||||||||||||||||||
24 |
Jul-24 | 119,292,599.94 | 0.917101% | 1.098414% | ||||||||||||||||||||||||
25 |
Aug-24 | 114,555,554.90 | 0.959091% | 1.151655% |
Page 9 of 18
Quarterly Report
Toyota Auto Loan Extended Note Trust 2020-1
Toyota Revolving Note Depositor LLC
SELLER
Toyota Motor Credit Corporation
SERVICER
Toyota Auto Loan Extended Note Trust 2020-1
Additional Receivables Static Pool Information
Quarter Ended August 31, 2024
Cutoff Date of August 2022, September 2022
Original Pool Characteristics as of the Cutoff Dates (Based on Principal Balance)
Number of Receivables |
12,123 | % New vehicles | 77.11% | |||||||||
Total Principal Balance |
$344,193,534.37 | % Used vehicles | 22.89% | |||||||||
Average Principal Balance |
$28,391.78 | % Cars and minivans | 33.89% | |||||||||
Average Original Amount Financed |
$33,931.84 | % Light duty trucks | 13.51% | |||||||||
Weighted Average APR |
4.07% | % Sport utility vehicles | 52.59% | |||||||||
Weighted Average APR of Receivables |
% Toyota vehicles | 81.00% | ||||||||||
with more than 75 Original Payments |
6.17% |
% Lexus vehicles |
19.00% | |||||||||
Weighted Average Original Number |
Top 3 States: | CA | 23.72% | |||||||||
of Scheduled Payments |
69.07 Payments |
|
TX | 16.91% | ||||||||
Weighted Average Remaining Number |
MD | 3.93% | ||||||||||
of Scheduled Payments |
60.37 Payments | |||||||||||
Weighted Average FICO |
752.43 | |||||||||||
Weighted Average FICO of Receivables |
||||||||||||
with more than 75 Original Payments |
730.00 | |||||||||||
Weighted Average LTV |
98.65% | |||||||||||
Weighted Average LTV of Receivables |
||||||||||||
with more than 75 Original Payments |
111.61% |
Original Pool Characteristics as of the Cutoff Dates (Based on Adjusted Pool Balance)
FICO Score Range Distribution (%) |
Original Scheduled Payments Distribution (%) |
LTV Distribution (%) |
||||||||||||||||
FICO Less than 650 |
3.78% | More than 75 original scheduled payments | 6.68% | LTV greater than 130% | 5.58% | |||||||||||||
FICO Less than 700 |
18.49% | More than 72 original scheduled payments | 22.85% | LTV greater than 120% | 15.39% | |||||||||||||
FICO Less than 720 |
39.54% | LTV greater than 110% | 32.39% | |||||||||||||||
FICO Less than 740 |
48.72% | LTV greater than 90% | 69.65% | |||||||||||||||
FICO Less than 760 |
58.03% | |||||||||||||||||
FICO Less than 780 |
66.35% |
Balances and Performance (Based on Principal Balance)
Period No. |
Month |
Month-End Pool Balance ($) |
Cumulative Net Credit Loss (%) |
60+ Days Delinquency (%) |
||||||||||||||||||||||||
11 |
Sep-23 | 234,884,147.54 | 0.307140% | 0.452387% | ||||||||||||||||||||||||
12 |
Oct-23 | 227,560,763.16 | 0.301552% | 0.447740% | ||||||||||||||||||||||||
13 |
Nov-23 | 219,717,811.04 | 0.356429% | 0.400950% | ||||||||||||||||||||||||
14 |
Dec-23 | 212,951,647.95 | 0.406288% | 0.717587% | ||||||||||||||||||||||||
15 |
Jan-24 | 205,657,545.20 | 0.423922% | 0.831190% | ||||||||||||||||||||||||
16 |
Feb-24 | 198,407,048.96 | 0.470759% | 0.735313% | ||||||||||||||||||||||||
17 |
Mar-24 | 191,001,272.83 | 0.518278% | 0.648351% | ||||||||||||||||||||||||
18 |
Apr-24 | 183,916,861.37 | 0.517988% | 0.613001% | ||||||||||||||||||||||||
19 |
May-24 | 176,586,838.38 | 0.555654% | 0.592197% | ||||||||||||||||||||||||
20 |
Jun-24 | 169,875,717.52 | 0.574970% | 0.783762% | ||||||||||||||||||||||||
21 |
Jul-24 | 162,361,861.90 | 0.604607% | 0.734124% | ||||||||||||||||||||||||
22 |
Aug-24 | 155,989,910.36 | 0.634472% | 0.756443% |
Page 10 of 18
Quarterly Report
Toyota Auto Loan Extended Note Trust 2020-1
Toyota Revolving Note Depositor LLC
SELLER
Toyota Motor Credit Corporation
SERVICER
Toyota Auto Loan Extended Note Trust 2020-1
Additional Receivables Static Pool Information
Quarter Ended August 31, 2024
Cutoff Date of December 2022
Original Pool Characteristics as of the Cutoff Dates (Based on Principal Balance)
Number of Receivables |
4,716 | % New vehicles | 82.78% | |||||||||
Total Principal Balance |
$133,879,463.08 | % Used vehicles | 17.22% | |||||||||
Average Principal Balance |
$28,388.35 | % Cars and minivans | 32.27% | |||||||||
Average Original Amount Financed |
$35,363.37 | % Light duty trucks | 17.47% | |||||||||
Weighted Average APR |
4.39% | % Sport utility vehicles | 50.26% | |||||||||
Weighted Average APR of Receivables |
% Toyota vehicles | 84.35% | ||||||||||
with more than 75 Original Payments |
6.53% |
% Lexus vehicles |
15.65% | |||||||||
Weighted Average Original Number |
Top 3 States: | CA | 21.92% | |||||||||
of Scheduled Payments |
69.93 Payments |
|
TX | 16.51% | ||||||||
Weighted Average Remaining Number |
VA | 3.95% | ||||||||||
of Scheduled Payments |
59.23 Payments | |||||||||||
Weighted Average FICO |
753.60 | |||||||||||
Weighted Average FICO of Receivables |
||||||||||||
with more than 75 Original Payments |
734.17 | |||||||||||
Weighted Average LTV |
101.88% | |||||||||||
Weighted Average LTV of Receivables |
||||||||||||
with more than 75 Original Payments |
112.76% |
Original Pool Characteristics as of the Cutoff Dates (Based on Adjusted Pool Balance)
FICO Score Range Distribution (%) |
Original Scheduled Payments Distribution (%) |
LTV Distribution (%) |
||||||||||||||
FICO Less than 650 |
3.88 | % | More than 75 original scheduled payments | 13.38 | % | LTV greater than 130% | 7.56 | % | ||||||||
FICO Less than 700 |
21.98 | % | More than 72 original scheduled payments | 22.48 | % | LTV greater than 120% | 19.31 | % | ||||||||
FICO Less than 720 |
33.43 | % | LTV greater than 110% | 39.77 | % | |||||||||||
FICO Less than 740 |
45.17 | % | LTV greater than 90% | 74.20 | % | |||||||||||
FICO Less than 760 |
55.67 | % | ||||||||||||||
FICO Less than 780 |
65.53 | % |
Balances and Performance (Based on Principal Balance)
Period No. |
Month |
Month-End Pool Balance ($) |
Cumulative Net Credit Loss (%) |
60+ Days Delinquency (%) |
||||||||||||||||||||||||
8 |
Sep-23 | 102,265,641.18 | 0.192059 | % | 0.373221 | % | ||||||||||||||||||||||
9 |
Oct-23 | 98,892,214.20 | 0.249408 | % | 0.360375 | % | ||||||||||||||||||||||
10 |
Nov-23 | 95,839,200.75 | 0.259154 | % | 0.607719 | % | ||||||||||||||||||||||
11 |
Dec-23 | 93,022,104.91 | 0.311964 | % | 0.479754 | % | ||||||||||||||||||||||
12 |
Jan-24 | 90,093,809.23 | 0.364558 | % | 0.683044 | % | ||||||||||||||||||||||
13 |
Feb-24 | 87,498,358.82 | 0.372566 | % | 0.488658 | % | ||||||||||||||||||||||
14 |
Mar-24 | 84,586,355.51 | 0.357089 | % | 0.362294 | % | ||||||||||||||||||||||
15 |
Apr-24 | 81,280,760.11 | 0.422092 | % | 0.432324 | % | ||||||||||||||||||||||
16 |
May-24 | 78,389,608.07 | 0.431740 | % | 0.539699 | % | ||||||||||||||||||||||
17 |
Jun-24 | 75,645,431.31 | 0.499442 | % | 0.627772 | % | ||||||||||||||||||||||
18 |
Jul-24 | 72,962,531.56 | 0.517954 | % | 0.502523 | % | ||||||||||||||||||||||
19 |
Aug-24 | 70,150,803.20 | 0.460328 | % | 0.726424 | % |
Page 11 of 18
Quarterly Report
Toyota Auto Loan Extended Note Trust 2020-1
Toyota Revolving Note Depositor LLC
SELLER
Toyota Motor Credit Corporation
SERVICER
Toyota Auto Loan Extended Note Trust 2020-1
Additional Receivables Static Pool Information
Quarter Ended August 31, 2024
Cutoff Date of February 2023
Original Pool Characteristics as of the Cutoff Dates (Based on Principal Balance)
Number of Receivables |
8,618 | % New vehicles | 79.62% | |||||||||
Total Principal Balance |
$236,314,199.64 | % Used vehicles | 20.38% | |||||||||
Average Principal Balance |
$27,421.00 | % Cars and minivans | 32.88% | |||||||||
Average Original Amount Financed |
$34,587.51 | % Light duty trucks | 18.33% | |||||||||
Weighted Average APR |
4.47% | % Sport utility vehicles | 48.79% | |||||||||
Weighted Average APR of Receivables |
% Toyota vehicles | 83.47% | ||||||||||
with more than 75 Original Payments |
6.60% |
% Lexus vehicles |
16.53% | |||||||||
Weighted Average Original Number |
Top 3 States: | CA | 23.60% | |||||||||
of Scheduled Payments |
68.21 Payments |
|
TX | 16.71% | ||||||||
Weighted Average Remaining Number |
MD | 3.73% | ||||||||||
of Scheduled Payments |
57.50 Payments | |||||||||||
Weighted Average FICO |
755.02 | |||||||||||
Weighted Average FICO of Receivables |
||||||||||||
with more than 75 Original Payments |
735.55 | |||||||||||
Weighted Average LTV |
100.00% | |||||||||||
Weighted Average LTV of Receivables |
||||||||||||
with more than 75 Original Payments |
110.16% |
Original Pool Characteristics as of the Cutoff Dates (Based on Adjusted Pool Balance)
FICO Score Range Distribution (%) |
Original Scheduled Payments Distribution (%) |
LTV Distribution (%) |
||||||||||||||
FICO Less than 650 |
4.12 | % | More than 75 original scheduled payments | 4.07 | % | LTV greater than 130% | 6.42 | % | ||||||||
FICO Less than 700 |
21.64 | % | More than 72 original scheduled payments | 14.87 | % | LTV greater than 120% | 17.04 | % | ||||||||
FICO Less than 720 |
32.33 | % | LTV greater than 110% | 36.21 | % | |||||||||||
FICO Less than 740 |
44.48 | % | LTV greater than 90% | 71.02 | % | |||||||||||
FICO Less than 760 |
55.11 | % | ||||||||||||||
FICO Less than 780 |
64.09 | % |
Balances and Performance (Based on Principal Balance)
Period No. |
Month |
Month-End Pool Balance ($) |
Cumulative Net Credit Loss (%) |
60+ Days Delinquency (%) |
||||||||||||||||||||||||
5 |
Sep-23 | 189,698,533.78 | 0.171897 | % | 0.448711 | % | ||||||||||||||||||||||
6 |
Oct-23 | 183,347,219.22 | 0.271875 | % | 0.544898 | % | ||||||||||||||||||||||
7 |
Nov-23 | 177,274,055.35 | 0.336046 | % | 0.334154 | % | ||||||||||||||||||||||
8 |
Dec-23 | 171,786,037.42 | 0.367429 | % | 0.385855 | % | ||||||||||||||||||||||
9 |
Jan-24 | 166,388,139.64 | 0.363179 | % | 0.341099 | % | ||||||||||||||||||||||
10 |
Feb-24 | 160,921,093.42 | 0.366075 | % | 0.270394 | % | ||||||||||||||||||||||
11 |
Mar-24 | 155,526,857.73 | 0.349650 | % | 0.338361 | % | ||||||||||||||||||||||
12 |
Apr-24 | 149,830,540.55 | 0.402973 | % | 0.444167 | % | ||||||||||||||||||||||
13 |
May-24 | 144,451,112.49 | 0.386014 | % | 0.463704 | % | ||||||||||||||||||||||
14 |
Jun-24 | 139,612,259.69 | 0.451261 | % | 0.501905 | % | ||||||||||||||||||||||
15 |
Jul-24 | 134,056,180.62 | 0.488589 | % | 0.660760 | % | ||||||||||||||||||||||
16 |
Aug-24 | 128,541,394.07 | 0.510924 | % | 0.774084 | % |
Page 12 of 18
Quarterly Report
Toyota Auto Loan Extended Note Trust 2020-1
Toyota Revolving Note Depositor LLC
SELLER
Toyota Motor Credit Corporation
SERVICER
Toyota Auto Loan Extended Note Trust 2020-1
Additional Receivables Static Pool Information
Quarter Ended August 31, 2024
Cutoff Date of May 2023
Original Pool Characteristics as of the Cutoff Dates (Based on Principal Balance)
Number of Receivables |
8,882 | % New vehicles | 70.01% | |||||||||
Total Principal Balance |
$256,230,408.23 | % Used vehicles | 29.99% | |||||||||
Average Principal Balance |
$28,848.28 | % Cars and minivans | 30.84% | |||||||||
Average Original Amount Financed |
$36,112.53 | % Light duty trucks | 20.48% | |||||||||
Weighted Average APR |
6.41% | % Sport utility vehicles | 48.68% | |||||||||
Weighted Average APR of Receivables |
% Toyota vehicles | 85.63% | ||||||||||
with more than 75 Original Payments |
7.18% |
% Lexus vehicles |
14.37% | |||||||||
Weighted Average Original Number |
Top 3 States: | TX | 23.46% | |||||||||
of Scheduled Payments |
73.32 Payments |
|
CA | 14.97% | ||||||||
Weighted Average Remaining Number |
VA | 4.15% | ||||||||||
of Scheduled Payments |
61.16 Payments | |||||||||||
Weighted Average FICO |
737.73 | |||||||||||
Weighted Average FICO of Receivables |
||||||||||||
with more than 75 Original Payments |
729.44 | |||||||||||
Weighted Average LTV |
101.64% | |||||||||||
Weighted Average LTV of Receivables |
||||||||||||
with more than 75 Original Payments |
110.87% |
Original Pool Characteristics as of the Cutoff Dates (Based on Adjusted Pool Balance)
FICO Score Range Distribution (%) |
Original Scheduled Payments Distribution (%) |
LTV Distribution (%) |
||||||||||||||
FICO Less than 650 |
4.80 | % | More than 75 original scheduled payments | 8.29 | % | LTV greater than 130% | 5.60 | % | ||||||||
FICO Less than 700 |
24.10 | % | More than 72 original scheduled payments | 54.85 | % | LTV greater than 120% | 15.26 | % | ||||||||
FICO Less than 720 |
44.77 | % | LTV greater than 110% | 32.19 | % | |||||||||||
FICO Less than 740 |
58.39 | % | LTV greater than 90% | 75.43 | % | |||||||||||
FICO Less than 760 |
68.20 | % | ||||||||||||||
FICO Less than 780 |
76.34 | % |
Balances and Performance (Based on Principal Balance)
Period No. |
Month |
Month-End Pool Balance ($) |
Cumulative Net Credit Loss (%) |
60+ Days Delinquency (%) |
||||||||||||||||||||||||
2 |
Sep-23 | 227,034,608.64 | 0.017877 | % | 0.249949 | % | ||||||||||||||||||||||
3 |
Oct-23 | 219,983,121.50 | 0.048915 | % | 0.275292 | % | ||||||||||||||||||||||
4 |
Nov-23 | 213,623,875.76 | 0.067801 | % | 0.378771 | % | ||||||||||||||||||||||
5 |
Dec-23 | 207,401,775.23 | 0.081527 | % | 0.373110 | % | ||||||||||||||||||||||
6 |
Jan-24 | 200,745,265.40 | 0.192095 | % | 0.472798 | % | ||||||||||||||||||||||
7 |
Feb-24 | 194,120,838.86 | 0.243099 | % | 0.479323 | % | ||||||||||||||||||||||
8 |
Mar-24 | 188,455,541.85 | 0.320836 | % | 0.703419 | % | ||||||||||||||||||||||
9 |
Apr-24 | 182,137,968.01 | 0.384280 | % | 0.708125 | % | ||||||||||||||||||||||
10 |
May-24 | 175,650,655.04 | 0.428945 | % | 0.564739 | % | ||||||||||||||||||||||
11 |
Jun-24 | 170,197,816.16 | 0.519799 | % | 0.818636 | % | ||||||||||||||||||||||
12 |
Jul-24 | 164,059,755.96 | 0.545938 | % | 0.913607 | % | ||||||||||||||||||||||
13 |
Aug-24 | 158,378,424.88 | 0.623461 | % | 0.672650 | % |
Page 13 of 18
Quarterly Report
Toyota Auto Loan Extended Note Trust 2020-1
Toyota Revolving Note Depositor LLC
SELLER
Toyota Motor Credit Corporation
SERVICER
Toyota Auto Loan Extended Note Trust 2020-1
Additional Receivables Static Pool Information
Quarter Ended August 31, 2024
Cutoff Date of August 2023
Original Pool Characteristics as of the Cutoff Dates (Based on Principal Balance)
Number of Receivables |
8,386 | % New vehicles | 60.03% | |||||||||
Total Principal Balance |
$240,258,554.92 | % Used vehicles | 39.97% | |||||||||
Average Principal Balance |
$28,649.96 | % Cars and minivans | 31.45% | |||||||||
Average Original Amount Financed |
$34,579.49 | % Light duty trucks | 18.13% | |||||||||
Weighted Average APR |
6.66% | % Sport utility vehicles | 50.41% | |||||||||
Weighted Average APR of Receivables |
% Toyota vehicles | 83.16% | ||||||||||
with more than 75 Original Payments |
7.38% |
% Lexus vehicles |
16.84% | |||||||||
Weighted Average Original Number |
Top 3 States: | TX | 19.11% | |||||||||
of Scheduled Payments |
71.29 Payments |
|
CA | 15.04% | ||||||||
Weighted Average Remaining Number |
MA | 4.02% | ||||||||||
of Scheduled Payments |
61.28 Payments | |||||||||||
Weighted Average FICO |
748.00 | |||||||||||
Weighted Average FICO of Receivables |
||||||||||||
with more than 75 Original Payments |
736.31 | |||||||||||
Weighted Average LTV |
100.59% | |||||||||||
Weighted Average LTV of Receivables |
||||||||||||
with more than 75 Original Payments |
110.64% |
Original Pool Characteristics as of the Cutoff Dates (Based on Adjusted Pool Balance)
FICO Score Range Distribution (%) |
Original Scheduled Payments Distribution (%) |
LTV Distribution (%) |
||||||||||||||||
FICO Less than 650 |
4.46% | More than 75 original scheduled payments | 8.14% | LTV greater than 130% | 8.19% | |||||||||||||
FICO Less than 700 |
22.81% | More than 72 original scheduled payments | 30.61% | LTV greater than 120% | 16.74% | |||||||||||||
FICO Less than 720 |
36.62% | LTV greater than 110% | 31.82% | |||||||||||||||
FICO Less than 740 |
49.53% | LTV greater than 90% | 71.52% | |||||||||||||||
FICO Less than 760 |
60.40% | |||||||||||||||||
FICO Less than 780 |
68.90% |
Balances and Performance (Based on Principal Balance)
Period No. |
Month |
Month-End Pool Balance ($) |
Cumulative Net Credit Loss (%) |
60+ Days Delinquency (%) |
||||||||||||||||||||||||
1 |
Nov-23 | 221,690,317.89 | 0.038349 | % | 0.344202 | % | ||||||||||||||||||||||
2 |
Dec-23 | 215,366,470.36 | 0.115163 | % | 0.438374 | % | ||||||||||||||||||||||
3 |
Jan-24 | 208,460,671.95 | 0.185824 | % | 0.578388 | % | ||||||||||||||||||||||
4 |
Feb-24 | 202,272,877.61 | 0.236928 | % | 0.493865 | % | ||||||||||||||||||||||
5 |
Mar-24 | 196,434,613.46 | 0.235782 | % | 0.639100 | % | ||||||||||||||||||||||
6 |
Apr-24 | 190,120,888.15 | 0.385082 | % | 0.549654 | % | ||||||||||||||||||||||
7 |
May-24 | 184,108,672.36 | 0.448246 | % | 0.316128 | % | ||||||||||||||||||||||
8 |
Jun-24 | 178,429,447.96 | 0.424903 | % | 0.648361 | % | ||||||||||||||||||||||
9 |
Jul-24 | 172,895,109.09 | 0.445620 | % | 0.610362 | % | ||||||||||||||||||||||
10 |
Aug-24 | 166,693,289.93 | 0.585369 | % | 0.924140 | % |
Page 14 of 18
Quarterly Report
Toyota Auto Loan Extended Note Trust 2020-1
Toyota Revolving Note Depositor LLC
SELLER
Toyota Motor Credit Corporation
SERVICER
Toyota Auto Loan Extended Note Trust 2020-1
Additional Receivables Static Pool Information
Quarter Ended August 31, 2024
Cutoff Date of November 2023
Original Pool Characteristics as of the Cutoff Dates (Based on Principal Balance)
Number of Receivables |
8,577 | % New vehicles | 83.19% | |||||||||
Total Principal Balance |
$235,528,268.67 | % Used vehicles | 16.81% | |||||||||
Average Principal Balance |
$27,460.45 | % Cars and minivans | 29.54% | |||||||||
Average Original Amount Financed |
$35,006.70 | % Light duty trucks | 19.89% | |||||||||
Weighted Average APR |
5.90% | % Sport utility vehicles | 50.57% | |||||||||
Weighted Average APR of Receivables |
% Toyota vehicles | 82.27% | ||||||||||
with more than 75 Original Payments |
7.83% |
% Lexus vehicles |
17.73% | |||||||||
Weighted Average Original Number |
Top 3 States: | CA | 17.45% | |||||||||
of Scheduled Payments |
68.21 Payments |
|
TX | 17.40% | ||||||||
Weighted Average Remaining Number |
AZ | 3.98% | ||||||||||
of Scheduled Payments |
57.09 Payments | |||||||||||
Weighted Average FICO |
759.38 | |||||||||||
Weighted Average FICO of Receivables |
||||||||||||
with more than 75 Original Payments |
737.73 | |||||||||||
Weighted Average LTV |
98.13% | |||||||||||
Weighted Average LTV of Receivables |
||||||||||||
with more than 75 Original Payments |
111.42% |
Original Pool Characteristics as of the Cutoff Dates (Based on Adjusted Pool Balance)
FICO Score Range Distribution (%) |
Original Scheduled Payments Distribution (%) |
LTV Distribution (%) |
||||||||||||||
FICO Less than 650 |
3.51 | % | More than 75 original scheduled payments | 7.97 | % | LTV greater than 130% | 5.50 | % | ||||||||
FICO Less than 700 |
19.85 | % | More than 72 original scheduled payments | 14.63 | % | LTV greater than 120% | 14.78 | % | ||||||||
FICO Less than 720 |
30.39 | % | LTV greater than 110% | 31.62 | % | |||||||||||
FICO Less than 740 |
41.43 | % | LTV greater than 90% | 67.91 | % | |||||||||||
FICO Less than 760 |
51.47 | % | ||||||||||||||
FICO Less than 780 |
61.18 | % |
Balances and Performance (Based on Principal Balance)
Period No. |
Month |
Month-End Pool Balance ($) |
Cumulative Net Credit Loss (%) |
60+ Days Delinquency (%) |
||||||||||||||||||||||||
1 |
Feb-24 | 215,507,447.84 | -0.000162 | % | 0.284970 | % | ||||||||||||||||||||||
2 |
Mar-24 | 208,327,161.66 | 0.060109 | % | 0.377721 | % | ||||||||||||||||||||||
3 |
Apr-24 | 200,964,487.82 | 0.120510 | % | 0.304302 | % | ||||||||||||||||||||||
4 |
May-24 | 194,042,464.65 | 0.152206 | % | 0.414577 | % | ||||||||||||||||||||||
5 |
Jun-24 | 188,068,690.87 | 0.177880 | % | 0.523237 | % | ||||||||||||||||||||||
6 |
Jul-24 | 181,465,955.17 | 0.226679 | % | 0.606431 | % | ||||||||||||||||||||||
7 |
Aug-24 | 175,189,680.30 | 0.308354 | % | 0.655462 | % |
Page 15 of 18
Quarterly Report
Toyota Auto Loan Extended Note Trust 2020-1
Toyota Revolving Note Depositor LLC
SELLER
Toyota Motor Credit Corporation
SERVICER
Toyota Auto Loan Extended Note Trust 2020-1
Additional Receivables Static Pool Information
Quarter Ended August 31, 2024
Cutoff Date of February 2024
Original Pool Characteristics as of the Cutoff Dates (Based on Principal Balance)
Number of Receivables |
8,524 | % New vehicles | 92.24% | |||||||||
Total Principal Balance |
$241,978,411.90 | % Used vehicles | 7.76% | |||||||||
Average Principal Balance |
$28,387.89 | % Cars and minivans | 28.80% | |||||||||
Average Original Amount Financed |
$36,053.51 | % Light duty trucks | 18.54% | |||||||||
Weighted Average APR |
6.14% | % Sport utility vehicles | 52.66% | |||||||||
Weighted Average APR of Receivables |
% Toyota vehicles | 83.59% | ||||||||||
with more than 75 Original Payments |
8.24% |
% Lexus vehicles |
16.41% | |||||||||
Weighted Average Original Number |
Top 3 States: | TX | 17.39% | |||||||||
of Scheduled Payments |
68.00 Payments |
|
CA | 16.48% | ||||||||
Weighted Average Remaining Number |
MD | 3.93% | ||||||||||
of Scheduled Payments |
57.09 Payments | |||||||||||
Weighted Average FICO |
761.77 | |||||||||||
Weighted Average FICO of Receivables |
||||||||||||
with more than 75 Original Payments |
739.29 | |||||||||||
Weighted Average LTV |
98.14% | |||||||||||
Weighted Average LTV of Receivables |
||||||||||||
with more than 75 Original Payments |
111.80% |
Original Pool Characteristics as of the Cutoff Dates (Based on Adjusted Pool Balance)
FICO Score Range Distribution (%) |
Original Scheduled Payments Distribution (%) |
LTV Distribution (%) |
||||||||||||||
FICO Less than 650 |
2.82 | % | More than 75 original scheduled payments | 7.72 | % | LTV greater than 130% | 5.04 | % | ||||||||
FICO Less than 700 |
18.36 | % | More than 72 original scheduled payments | 15.10 | % | LTV greater than 120% | 13.63 | % | ||||||||
FICO Less than 720 |
28.55 | % | LTV greater than 110% | 31.71 | % | |||||||||||
FICO Less than 740 |
39.27 | % | LTV greater than 90% | 68.92 | % | |||||||||||
FICO Less than 760 |
50.01 | % | ||||||||||||||
FICO Less than 780 |
59.62 | % |
Balances and Performance (Based on Principal Balance)
Period No. |
Month |
Month-End Pool Balance ($) |
Cumulative Net Credit Loss (%) |
60+ Days Delinquency (%) |
||||||||||||||||||||||||
1 |
May-24 | 219,049,041.59 | 0.009986 | % | 0.179351 | % | ||||||||||||||||||||||
2 |
Jun-24 | 212,505,555.09 | 0.054469 | % | 0.357617 | % | ||||||||||||||||||||||
3 |
Jul-24 | 204,675,281.84 | 0.076066 | % | 0.330800 | % | ||||||||||||||||||||||
4 |
Aug-24 | 198,019,761.49 | 0.108576 | % | 0.308937 | % |
Page 16 of 18
Quarterly Report
Toyota Auto Loan Extended Note Trust 2020-1
Toyota Revolving Note Depositor LLC
SELLER
Toyota Motor Credit Corporation
SERVICER
Toyota Auto Loan Extended Note Trust 2020-1
Additional Receivables Static Pool Information
Quarter Ended August 31, 2024
Cutoff Date of May 2024
Original Pool Characteristics as of the Cutoff Dates (Based on Principal Balance)
Number of Receivables |
9,414 | % New vehicles | 85.20% | |||||||||
Total Principal Balance |
$269,116,525.25 | % Used vehicles | 14.80% | |||||||||
Average Principal Balance |
$28,586.84 | % Cars and minivans | 27.88% | |||||||||
Average Original Amount Financed |
$35,845.46 | % Light duty trucks | 19.03% | |||||||||
Weighted Average APR |
6.69% | % Sport utility vehicles | 53.09% | |||||||||
Weighted Average APR of Receivables |
% Toyota vehicles | 81.87% | ||||||||||
with more than 75 Original Payments |
8.66% |
% Lexus vehicles |
18.13% | |||||||||
Weighted Average Original Number |
Top 3 States: | TX | 16.84% | |||||||||
of Scheduled Payments |
68.24 Payments |
|
CA | 14.19% | ||||||||
Weighted Average Remaining Number |
IL | 4.32% | ||||||||||
of Scheduled Payments |
57.71 Payments | |||||||||||
Weighted Average FICO |
763.07 | |||||||||||
Weighted Average FICO of Receivables |
||||||||||||
with more than 75 Original Payments |
742.39 | |||||||||||
Weighted Average LTV |
97.80% | |||||||||||
Weighted Average LTV of Receivables |
||||||||||||
with more than 75 Original Payments |
109.45% |
Original Pool Characteristics as of the Cutoff Dates (Based on Adjusted Pool Balance)
FICO Score Range Distribution (%) |
Original Scheduled Payments Distribution (%) |
LTV Distribution (%) |
||||||||||||||
FICO Less than 650 |
2.93 | % | More than 75 original scheduled payments | 8.01 | % | LTV greater than 130% | 4.81 | % | ||||||||
FICO Less than 700 |
18.10 | % | More than 72 original scheduled payments | 17.60 | % | LTV greater than 120% | 13.79 | % | ||||||||
FICO Less than 720 |
27.91 | % | LTV greater than 110% | 31.65 | % | |||||||||||
FICO Less than 740 |
38.52 | % | LTV greater than 90% | 67.78 | % | |||||||||||
FICO Less than 760 |
48.69 | % | ||||||||||||||
FICO Less than 780 |
59.18 | % |
Balances and Performance (Based on Principal Balance)
Period No. |
Month |
Month-End Pool Balance ($) |
Cumulative Net Credit Loss (%) |
60+ Days Delinquency (%) |
||||||||||||||||||||||||
1 |
Aug-24 | 245,173,922.85 | 0.000000 | % | 0.410610 | % |
Page 17 of 18
Quarterly Report
Toyota Auto Loan Extended Note Trust 2020-1
Toyota Revolving Note Depositor LLC
SELLER
Toyota Motor Credit Corporation
SERVICER
I hereby certify to the best of my knowledge that the report provided is true and correct.
/s/ Stephen Bishop |
Name: Stephen Bishop |
Title: General Manager - Treasury |
Page 18 of 18